ACB, a cannabis company, is developing triple bullish divergence on the MACD. This divergence is indicated by shallower MACD islands when the price is making lower lows, and shows that sellers are getting exhausted.
The price has now arrived at a critical support line, where a bullish hammer candlestick is now being bullishly engulfed.
The targets of this move up would lie at the .382, .5 and .618 Fibonacci retrace, with a stoploss below this important support.
All in all, the bullish signals (price at support, bullish candlestick reversal pattern, triple bullish divergence on MACD) show that a move up could be imminent.
The price has now arrived at a critical support line, where a bullish hammer candlestick is now being bullishly engulfed.
The targets of this move up would lie at the .382, .5 and .618 Fibonacci retrace, with a stoploss below this important support.
All in all, the bullish signals (price at support, bullish candlestick reversal pattern, triple bullish divergence on MACD) show that a move up could be imminent.